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Business News

Thursday, Mar 9, 2017 at 04:28 PM EST

Price of Oil is Plummeting, But Gas Prices Still High

Price of Oil is Plummeting, But Gas Prices Still High

Oil prices tumbled this week, but drivers dreaming of cheap summer road trips might want to temper their expectations: Experts say a host of factors, including overseas output cuts and refinery operations, will...

Thursday, Mar 9, 2017 at 01:02 PM EST

Staples to Close 70 Stores as US Sales Decline

Staples to Close 70 Stores as US Sales Decline

Staples announced Thursday it would close 70 stores in 2017 after reporting fourth-quarter sales that were far weaker than analysts expected. The largest U.S. office-supply chain reported a $548 million loss...

Thursday, Mar 9, 2017 at 02:32 PM EST

RadioShack Files for Bankruptcy Again, Closing 200 Stores

RadioShack Files for Bankruptcy Again, Closing 200 Stores

Troubled electronics retailer RadioShack has filed for bankruptcy for the second time in just over two years. The Fort Worth-based retailer filed its petition in bankruptcy court in Delaware on Wednesday. Com...

Friday, Mar 10, 2017 at 02:33 PM EST

EPA Set to Roll Back Federal Fuel-Economy Requirements

EPA Set to Roll Back Federal Fuel-Economy Requirements

The Trump administration is moving to roll back federal fuel-economy requirements that would have forced automakers to increase significantly the efficiency of new cars and trucks, a key part of former President...

Monday, Mar 6, 2017 at 09:40 PM EST

Trump Cheers Exxon Plan to Spend $20B on Gulf Coast

Trump Cheers Exxon Plan to Spend $20B on Gulf Coast

President Donald Trump and Exxon Mobil Corp. exchanged praise for each other on Monday as the company announced plans to create thousands of jobs by spending $20 billion over 10 years on plants along the Gulf...

Monday, Mar 6, 2017 at 09:46 PM EST

Woman Seeks Right to Trial in Trump University Case

Woman Seeks Right to Trial in Trump University Case

A Florida woman wants to opt out of a settlement with President Donald Trump over fraud allegations at now-defunct Trump University, setting the stage for a possible trial if a federal judge agrees. Attorneys...

Sunday, Mar 5, 2017 at 07:53 AM EST

Trump Hotel May Be Political Capital of the Nation's Capital

Trump Hotel May Be Political Capital of the Nation's Capital

At a circular booth in the middle of the Trump International Hotel's balcony restaurant, President Donald Trump dined on his steak — well-done, with ketchup — while chatting up British Brexit politician Nigel...

Saturday, Mar 4, 2017 at 07:15 AM EST

Costco Raising Membership Fees

Costco Raising Membership Fees

Costco Wholesale Corp. announced Thursday that it's raising its membership fees, as the warehouse club operator released quarterly results that fell short of Wall Street's expectations. Its shares fell more than...

Friday, Mar 3, 2017 at 06:21 PM EST

Uber Deploys Secret Weapon Against Undercover Regulators

Uber Deploys Secret Weapon Against Undercover Regulators

Uber has been wielding a secret weapon to thwart authorities who have been trying to curtail or shut down its ride-hailing service in cities around the world. The program included a feature nicknamed "Greyball"...

Friday, Mar 3, 2017 at 04:09 PM EST

New Yelp Feature Helps Users Find Gender-Neutral Bathrooms

New Yelp Feature Helps Users Find Gender-Neutral Bathrooms

The effort to find gender-neutral bathrooms around town just became a little bit easier thanks to Yelp. The San Francisco-based company on Friday announced its new service that allows users to pinpoint...

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